Credit Card & Medical Debt
While clients who ask our team at Robert L. Caplan, Attorney at Law, about eliminating student loans through bankruptcy may be disappointed in the answer, those who ask if filing bankruptcy will allow them to discharge their credit card and medical debt are often happy with the answer.
Getting Rid Of your Credit Card And Medical Debt Through Bankruptcy
Yes, individuals struggling with thousands of dollars of credit card bills and medical expenses are able to discharge this type of debt through the Ohio bankruptcy process.
In Chapter 7 bankruptcy, all dischargeable debt – such as credit card and medical bills, mortgage loans and other personal debt – is wiped free, allowing you a fresh financial start.
Chapter 13 bankruptcy is a little different in that you follow a reorganized debt repayment plan that often results in you paying just a small percentage of the debt you owe. The remaining credit card bills and medical expenses you have been paying on throughout the plan can be discharged at the conclusion of the Chapter 13 bankruptcy.
While you can discharge credit card and medical debt in both Chapter 7 and 13 bankruptcy, there are a few exceptions involving the value of certain items you have purchased and how long ago they were purchased before you filed bankruptcy.
In the event that you have credit card debt from recent large purchases within 90 days of filing bankruptcy, you might only have to pay back a portion of the debt while older debt is discharged. Similarly, you may only have to pay the current value of big ticket items like electronics and appliances, not the original amount at the time of the purchase.
These situations are dependent on many factors, however, which is why it is important to consult with a lawyer who understands the bankruptcy process and can explain to you how the laws will be applied to your case.
Founder and Columbus credit card relief lawyer Robert L. Caplan has spent the last two decades helping our clients get rid of credit card and medical debt through the U.S. Bankruptcy Code. We realize that every client at our firm has a unique financial situation. We are determined to help you find the best debt relief option for your circumstances.
Contact Our Reynoldsburg Medical Debt Relief Lawyer Today
We invite you to contact Robert L. Caplan, Attorney at Law, at 614-252-2026 to schedule a free, initial consultation regarding your debt relief options today. Our law office is open weekdays between 9 a.m. and 5 p.m., evening and weekend appointments by request. We accept all major credit cards. Payment plans are also available.
We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.